Simon Property Group (LIM:SPG) EBIT: $6,502 Mil (TTM As of Mar. 2026)


LIM:SPG Simon Property Group Inc LIM:SPG
80 GF Score
Price $184.20
GF Value $153.38
! 8 Warning Signs
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What is Simon Property Group EBIT?

Simon Property Group LIM:SPG 80 EBIT is $6,502 Mil as of Mar. 2026. GuruFocus rates LIM:SPG with a GF Score™ of 80/100 and a GF Value™ of $153.38. The stock has 8 warning signs investors should review.

Simon Property Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $824 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $6,502 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Simon Property Group's annualized ROC % for the quarter that ended in Mar. 2026 was 7.93%. Simon Property Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 441.38%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Simon Property Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.37%.


Simon Property Group  (LIM:SPG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Simon Property Group's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=3048.652 * ( 1 - 0% )/( (38646.508 + 38215.319)/ 2 )
=3048.652/38430.9135
=7.93 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=40606.466 - 3696.543 - ( 823.147 - max(0, 4051.543 - 2314.958+823.147))
=38646.508

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=39639.081 - 3494.573 - ( 542.955 - max(0, 3494.573 - 1423.762+542.955))
=38215.319

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Simon Property Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3297.052/( ( (755.934 + max(-2762.466, 0)) + (738.033 + max(-2613.766, 0)) )/ 2 )
=3297.052/( ( 755.934 + 738.033 )/ 2 )
=3297.052/746.9835
=441.38 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(934.077 + 0 + 0) - (3696.543 + 0 + 0)
=-2762.466

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(880.807 + 0 + -2.2737367544323E-13) - (3494.573 + 0 + 0)
=-2613.766

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Simon Property Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=6501.788/101998.697
=6.37 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Simon Property Group EBIT Related Terms


Simon Property Group EBIT Historical Data

* Premium members only.

The historical data trend for Simon Property Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Simon Property Group EBIT Chart

Simon Property Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,521.62 3,297.15 3,553.54 3,658.08 6,374.74

Simon Property Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 697.22 911.51 960.60 3,805.41 824.26

LIM:SPG vs O, KIM, REG: EBIT Comparison

For the REIT - Retail subindustry, Simon Property Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Simon Property Group EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, Simon Property Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Simon Property Group's EV-to-EBIT falls into.


LIM:SPG
80GF Score
Simon Property Group Inc LIM:SPG
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Simon Property Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,502 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $6,502 Mil mean?
Simon Property Group (LIM:SPG) has a EBIT of $6,502 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Simon Property Group.
Is Simon Property Group's EBIT too high?
Simon Property Group's current EBIT is $6,502 Mil. Overall, Simon Property Group has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's EBIT compare to O and KIM?
Simon Property Group's EBIT of $6,502 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Simon Property Group. Simon Property Group's current EBIT is $6,502 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Simon Property Group stock overvalued right now?
Simon Property Group (LIM:SPG) has a current EBIT of $6,502 Mil. The stock's GF Value™ is $153.38, compared to a current price of $184.20 — trading 20.1% above its estimated fair value. The current EBIT is $6,502 Mil. Simon Property Group's overall GF Score™ is 80/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Simon Property Group (LIM:SPG), the current EBIT is $6,502 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Simon Property Group (LIM:SPG) Overvalued in 2026?

Based on GuruFocus' analysis, Simon Property Group stock appears to be overvalued. The current stock price of $184.20 is trading 20.1% above its estimated GF Value™ of $153.38.

Key valuation signals for LIM:SPG:

  • EBIT: $6,502 Mil
  • GF Value™: $153.38 vs. price of $184.20 (20.1% above fair value)
  • GF Score™: 80/100 with 8 warning signs

No single metric tells the full story. See the LIM:SPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Simon Property Group Business Description

Industry Real EstateREITs
Address 225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $736 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
80GF Score

Get the complete analysis for LIM:SPG

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$184.20
Price
$153.38
GF Value